Women at wealth management firms are worse off than their female counterparts at fund groups when it comes to remuneration, being paid 59p for every £1 men earn on average, compared to 70p for every £1 in the asset management industry.
While decisions on external research have so far been dominating headlines in the post-Mifid II world, Winterflood Business Services is now seeing focus shifting to the challenges of delivering best execution.
Fund managers might be in for a research bill shock as the first quarter under Mifid II draws to a close, Chris Turnbull of the Electronic Research Interchange (Eric) has warned.
The UK’s Financial Services Compensation Scheme expects to shortly make the first payments to customers of discretionary fund manager Strand Capital, which entered administration in May 2017.
The FCA has confirmed European Union firms and funds benefiting from a passport do not yet need to apply for authorisation due to the implementation period that has been agreed between the UK and EU, while the Bank of England has said it will be business as usual for banks, at least for the next…
The Financial Conduct Authority is to probe insurance giant Aviva over whether its plan to cancel £450m of preference shares was market abuse.
Aviva and Barclays bucked the downward trend in complaints about financial services companies made to the Financial Ombudsman Service (FOS) in the second half of 2017, according to the latest figures.
Employers that fail to meet the deadline to disclose their gender pay gap could wind up in court, the Equality and Human Rights Commission has warned.
The High Court has ordered individuals connected with Capital Alternatives Limited to pay £16.9m in restitution for their roles in four unauthorised collective investment schemes.
Markets are creating a ticking time bomb for advisers outsourcing investment business to discretionary investment managers under the agent as client model with a downturn likely to highlight shortcomings that have previously been ignored.
The FCA says a third of the 64 funds that came under fire for closet tracking have made improvements in an online update.
The raft of sweeping EU regulations being introduced this year is creating an almighty headache for the asset management industry, says Denise Voss, chairman of the Association of the Luxembourg Fund Industry (Alfi), the investment trade body.
